See how putting more into your pension can make a difference to your future.
Once you have a target to aim for, log in to your myRPS account and use the Pension Planner tool or request an estimate to
see if your pension is likely to cover those costs. If not, saving more now could help give you the lifestyle you want in future.
You might also want to consider saving more if you:
Check out the video library for short videos on how to use the Retirement Budgeting Calculator or Pension Planner and for details on how to request an estimate.
You can save more into your pension by making Additional Voluntary Contributions (AVCs). These are extra payments made on top of your normal pension contributions.
Here’s how it works…
As a defined benefit member, your main AVC arrangement in the RPS is called BRASS. There is a limit on the amount you can contribute to BRASS in a Scheme year.
If you reach this limit and still want to pay more, you can apply to join the RPS’ other AVC arrangement, called AVC Extra. This option is not available to Network Rail members.
You can find out more about BRASS and AVC Extra, including details on how to join, in the saving more area of the website. If you’re unsure how saving more could work for you, then you could also speak to a financial adviser. Visit the guidance and advice page to find out more.